Just been looking at SOL's chart and honestly, it's in a pretty difficult situation right now. That strong support zone around $117-$126 that held for a while? Yeah, it finally broke. MakroVision's analysis confirms what a lot of traders are seeing - the selling pressure has been intense and we're now trading way below where we were consolidating.

So here's what caught my attention - SOL is currently trading at $79.37, which means we've already dropped past the $85 level that was flagged as the next critical support. The difficult situation is that there's still no clear sign of a bottom forming. Price keeps searching lower, and we're stuck under this red descending trend channel that's been pushing us down.

The way I see it, if SOL can bounce back above $117, that would be the first real signal that selling pressure is easing. But honestly, breaking through $117 and then $126 are both needed before things get less difficult for bulls. Only after clearing both those zones could we potentially see a move towards $146 again. Until then, it's pretty choppy territory. Anyone else watching this difficult situation unfold on their charts?